While we don’t wish a CRA audit on any of our clients, unfortunately, they are an all-too-real possibility for tax-paying citizens and corporations. This year, over $500 million of the federal budget has been dedicated to increasing audit activity. Arbitrary audits continue to be carried out, irrespective of accurately filed returns. Even when your filing position is correct, there is no reimbursement from the CRA.
Our Audit Shield Fee Waiver is a cost-effective way to insure yourself against a possible audit. For clients that purchase this protection, Ross & Sylvestre will waive all fees for audit activities (e.g., response to audit, enquiries, investigations) related to CRA or other revenue agency audits. Our Audit Shield Fee Waiver provides full retroactive protection, so all previously submitted tax returns are automatically protected, provided that you receive full notice of the audit, enquiry, investigation or review during the term of the Audit Shield Fee Waiver Service.
The Audit Shield program covers the eligible costs of responding to the following audits:
- Corporate Tax Filings
- Personal Tax Filings
- GST/HST Filings
- Employer Compliance Audits
- Business Audits
- Any query of any lodged filing where the client is compelled to respond or act